- Sylvamo's (NYSE:SLVM) Chairman and CEO Jean-Micale said, “We are suspending operations in Russia. We are appalled by the suffering and loss of lives in Ukraine, and we continue to hope for an immediate cease-fire agreement and diplomatic resolution.”
- The company is also pledges a $250K donation to the International Committee of the Red Cross to assist the people of Ukraine.
- The announcement does not imply that the company is initiating any bankruptcy or liquidation proceedings in Russia.
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